Lalamove, a leading same-day delivery and logistics provider in Southeast Asia and China, with a strong presence in Manila, said it completed its latest $100-million Series C funding round.
The latest investment comes as Lalamove Philippines gains a strong foothold in the Manila market. Lalamove provides on-demand delivery services that are highly essential for small to medium enterprises in the food and beverage, apparel and electronics industry.
It also answers the call of e-commerce businesses as it covers Metro and Mega Manila with over 30,000 users to date. As of September 2017, there has been an upward trend in deliveries and the challenge is meeting the growing demand. Thousands of drivers took the challenge in becoming forbearers of on-demand delivery services.
The round was led by ShunWei Capital, a venture capital firm that invests significantly in growth stage startups.